The Letter of Agreement to Sell Property is a crucial document in Singapore's real estate transactions, used to formalize property sale arrangements between parties. This document is typically executed after initial negotiations but before the formal Sale and Purchase Agreement. It includes essential details such as property identification, price, payment terms, and conditions of sale, all aligned with Singapore's property legislation. The document serves as a preliminary binding agreement, subject to due diligence and financial arrangements, and is particularly important in both residential and commercial property transactions.
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1. Parties: Details of seller and buyer, including identification and contact information
2. Background: Context of the sale and property history
3. Property Details: Full description of property including address, lot number, and size
4. Purchase Price: Agreed sale price and payment terms
5. Completion Date: Timeline for transaction completion
1. Conditions Precedent: Used when sale is subject to specific conditions being met prior to completion
2. Property Agent Details: Information about involved property agents and their licenses
3. Renovation Agreement: Details of any agreed renovation works to be completed before or after sale
1. Property Floor Plan: Detailed layout of the property including measurements
2. Inventory List: List of fixtures and fittings included in sale
3. Title Documents: Copies of relevant property ownership documents and certificates
4. Condition Report: Detailed report on current state of property including photographs
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